Younghoon Kim, renowned for having the highest recorded IQ at 276, has announced plans to convert all his assets into Bitcoin.
Bitcoin, introduced in 2009, stands as the largest cryptocurrency with a market cap of approximately $2.27 trillion.
Kim has previously forecasted a significant surge in Bitcoin’s price, believing it will climb substantially over the coming years.
“As the holder of the world’s best IQ record and a grandmaster of memory, I believe Bitcoin represents our best hope for the future economy.”
He expressed that everything he owns ultimately belongs to the Lord Jesus, yet feels compelled to transition all his assets to Bitcoin.
Last week, Kim made a bold prediction that Bitcoin could potentially grow by at least 100 times over the next decade. If this materializes, Bitcoin could surpass the $10 million mark within ten years.
He further suggested that Bitcoin could emerge as the “ultimate reserve asset,” surpassing traditional forms like gold and foreign currencies.
In March, President Donald Trump signed an executive order to create a federal Bitcoin Strategic Reserve, though it doesn’t imply a shift from gold or forex reserves.
The U.S. government holds around 198,021 BTC valued at about $22 million, but, as yet, no official strategic Bitcoin reserve has been established.
Additionally, Kim expressed enthusiasm for an American Bitcoin mining company linked to Trump, forecasting that it could evolve into the largest corporation in terms of market cap.
Recently, Bitcoin showed signs of recovery, increasing by more than 3% in just 24 hours. At the time of writing, its price was noted at $114,096.43.
Disclaimer: The information here is intended for general informational purposes and shouldn’t be viewed as financial advice. It’s wise to consult a licensed financial advisor before making any investment decisions.
